Sunday, October 9, 2016

Trade with a plan. Find ideas off this scan during the day in the Biotechnology sector. Issues 10 and under with above average volume.





* All new members of TradeIdeas receive the code to this scan along with a starter package including the range break scanner and many others. Every scan can be adjusted to adapt to your style and preference. Click the TradeIdeas banner and join today.

Wednesday, September 7, 2016

SCANNER ROOM INFO

 TradeOnTheWire  Scanner Room  Proprietary scans developed to find alpha.  Join the room CLICK ON TRADE-IDEAS BANNER RIGHT AND JOIN TODAY


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Sunday, October 25, 2015

Social media has created delusions of grandeur that you can learn to trade and make money overnight.

Trading is one the hardest professions that churns and burns almost all new comers. Our best advice is to first set up a quality TRADE-IDEAS platform that gives you the best chance to find quality ideas. Then learn how to use the tools to navigate and manage your trading account. CLICK TRADE-----IDEAS

Sunday, September 27, 2015

Trade lesson #1

Not what you make it's what you don't lose that determines whether you make it as a new trader. Winners know how to cut losers.

Sunday, April 6, 2014

The stress of being a trade....how to cope.

Coping With Trading Stress

Trading is a marathon not a sprint. Often time’s new traders allow one bad day to alter not only their trading styles, but their emotions as well. In order to be a successful trader you have to learn to put tough trading days in their place. Do you think every game Michael Jordan lost; he then went home and changed his entire style of play. When Tiger Woods has an off day, do you think he immediately calls his swing coach to develop a new swing strategy?

Set Daily Limits

Have a maximum amount of money you are willing to risk per day as a part of your day trading activities. Base this number on your comfort level. If in the unfortunate event this number is hit, immediately stop trading. You can always get it back on another day. For example, let’s say you are comfortable risking $500 per day. But, then you break this rule and end up losing $1,500. How do you think this will make you feel? Set a number you can live with and forget about everything else.


Saturday, January 18, 2014

Why 90-95% of traders lose !!!!!!

    They risk too much to try to make so little.

    They trade with the probabilities against them.

    They think trading is easy money.

    Instead of focusing on learning how to trade they focus on getting rich.

    They blow up due to improper position sizing.

    With no understanding of the mathematical risk of ruin they are doomed after the first long
    string  of losing trades.

    They don’t do their homework.

    They trade opinions not robust systems.

    They go looking for ‘trades’ instead of a methodology.
    They have no trading plan.

    They attempt to piggy back on the trades another trader but don’t understand the risks.

    Most new traders quit when they realized how much work is involved in trading successfully.

    Most traders quit when they learn how many losing trades they will have to have to get to get to the winners.        

    New traders quit if they do not have a passion for trading itself.

    Many new traders will give up the moment they realize that trading does
    not have guaranteed income, you are an entrepreneur.

    They are not willing to pay the tuition to learn to trade in time, study, and losing trades.

    They are crushed by the learning curve that they do not work hard enough to get through.

    We lose a lot of new traders when they realize that trading is actually harder than their job.